49,247 Shares in INNOVATE Corp. (NYSE:VATE) Bought by Cantor Fitzgerald L. P.

Cantor Fitzgerald L. P. acquired a new stake in INNOVATE Corp. (NYSE:VATE - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 49,247 shares of the company's stock, valued at approximately $246,000. Cantor Fitzgerald L. P. owned 0.37% of INNOVATE as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. ARS Investment Partners LLC boosted its position in shares of INNOVATE by 38.1% in the fourth quarter. ARS Investment Partners LLC now owns 85,170 shares of the company's stock valued at $421,000 after acquiring an additional 23,500 shares during the period. MSH Capital Advisors LLC bought a new position in INNOVATE in the 4th quarter valued at $73,000. Aristeia Capital L.L.C. purchased a new position in shares of INNOVATE during the 4th quarter valued at $67,000. Northern Trust Corp increased its holdings in shares of INNOVATE by 75.5% in the fourth quarter. Northern Trust Corp now owns 19,619 shares of the company's stock worth $97,000 after purchasing an additional 8,440 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of INNOVATE by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 123,674 shares of the company's stock worth $611,000 after buying an additional 1,962 shares in the last quarter. 34.28% of the stock is owned by hedge funds and other institutional investors.

INNOVATE Trading Up 5.2 %

Shares of INNOVATE stock traded up $0.32 on Thursday, hitting $6.47. 26,134 shares of the company traded hands, compared to its average volume of 193,916. INNOVATE Corp. has a 12-month low of $3.25 and a 12-month high of $13.79. The company has a market cap of $85.94 million, a P/E ratio of -1.81 and a beta of 2.23. The firm's 50-day simple moving average is $6.99 and its 200 day simple moving average is $7.13.

INNOVATE (NYSE:VATE - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported ($1.89) EPS for the quarter. The business had revenue of $274.20 million for the quarter.

INNOVATE Company Profile

INNOVATE Corp., through its subsidiaries, operates in infrastructure, life sciences, and spectrum areas in the United States. The Infrastructure segment provides industrial construction, structural steel, and facility maintenance services, such as fabrication and erection of structural steel and heavy steel plate services, and large-diameter water pipes and water storage tanks; fabrication of trusses and girders; and 3-D building information modeling and detailing for commercial, industrial, and infrastructure construction projects, such as buildings and office complexes, hotels and casinos, convention centers, sports arenas and stadiums, shopping malls, hospitals, dams, bridges, mines, metal processing, refineries, pulp and paper mills, and power plants.